Based Labs partners with FlairDEX
Based Labs partners with FlairDEX a low Fee DEX on Avalanche Network with ve(3,3) tokenomics, curve-inspired gauges, and permissionless bribes.
Flair Dex is a decentralized exchange and automated market marker focused on providing efficient token swaps and deep liquidity for stablecoins and other assets. The Flair Dex comes with a unique governance structure using ve(3,3) system that provides the possibility to maximize gains for all users of the ecosystem.
Flair Dex takes from Solidly’s vision that all participants in an ecosystem can create a rewarding cycle through cooperation. Users can lock their $FLDX tokens into the protocol to receive $veFLDX token, which can vote on which liquidity pools will get boosted $FLDX token emissions, while in return receiving the fees that the liquidity pools generate.
Avalanche Market volume and engagement exploration:
- Launch a one-way bridge of $BASED from FTM to AVAX (aBASED)
- Create initial LP pair $BASED-partnerToken
Immediate Benefits:
- Additional incentives for creating LP and farming partner tokens
- Reduction of $BASED supply on FTM (one-way bridge only — no way of bridging back to FTM)
- One-way arbitrage opportunity on price fluctuation
- Opening floodgates to the AVAX community
- Demand on $OBOL for paying bridging fees (bridge fee is 1% paid in $OBOL only)
- Further use case and incentives for Gods’ Footprints (boosts on AVAX)
Risks:
- No way of bridging back $aBASED to FTM
- LP and $BASED value on AVAX might be lower than on FTM (native partner asset or AVAX token can be volatile)
- The security risk of partner protocols (over which Based Labs have no control over)
What does Based Labs and Based Community achieve by deploying on AVAX?
- ⦁ Exposure to bigger communities
- ⦁ Testing grounds for further deployments of our products on alternative chains
- ⦁ Battle testing our cross-chain assets (Footprints, Ecosystem Assets)
- ⦁ Constant demand on $BASED and $OBOL
- ⦁ Building trust with partner protocols for future collaborations
ABOUT BASED LABS
Based Labs team is passionate about developing the next generation of financial technology. They believe that decentralized finance will redefine the way people think about money and will forever change the dynamics of investing. Their team is made up of experienced developers, entrepreneurs, business professionals, and investors who are committed to building the future of finance.
ABOUT FlairDEX
Flair Dex is a decentralized exchange and automated market marker focused on providing efficient token swaps and deep liquidity for stablecoins and other assets.
